QUOTE (LP Forever @ Jun 12 2009, 08:07 PM)

but i would be able to install windows applications on it and run them on my Win7 partition?
Yep that'd work.
Because I know that my partition isn't that large (20gb) so I can't install much, so if you're on the same boat, grab up a drive and install away.
What I suggest doing is adding a Program Files folder to your external, then when it's plugged in just change the install directory from C:Program files to G:Program files (G: depends on what yours is called).